Chubb News

Chubb’s Oldest Active Subsidiary Receives Pennsylvania Historical Marker

Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), has dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb’s oldest subsidiary company. The marker was unveiled during a ceremony at Chubb’s office in …

Political Risk Tops List of Worries for Insurers Across Globe: GS Survey

Political risk is the biggest concern this year for insurers globally, following several shock outcomes in 2016, a survey of insurers managing $10 trillion in assets showed on Thursday. Political events have overtaken issues such as worries about an economic …

Global Protectionism Risks Economic Growth: Zurich, Atlantic Council

A rise in global protectionism stemming from a backlash against free trade and globalization could have significant impact on economic growth, poverty levels and the potential for military conflict, according to a new report from the Atlantic Council and Zurich …

Chubb’s Combined Insurance Moves to Chicago’s Triangle Plaza

Combined Insurance, a provider of individual supplemental accident, disability, health and life insurance products, and a Chubb company, has moved from its Glenview, Ill., office into Chicago’s Triangle Plaza, effective April 10. Approximately 300 Combined Insurance employees are based out …

Chubb Promotes Samuel as Head of Power & Utilities for Asia

Chubb has appointed Titus Samuel as the new head of Power and Utilities for Asia. Samuel will be based in Singapore and will report to Mick Peacock, head of Power and Energy for Asia Pacific. Prior to his new appointment, …

Chubb Returns Stolen Norman Rockwell Painting 40 Years After Theft

More than 40 years after the theft of Norman Rockwell’s Boy Asleep with Hoe – also known as Lazy Bones or Taking a Break – the painting has been returned to the family of its original owners following a ceremony …

Chubb Introduces Online Workers’ Comp Policy System for Small Business Agents

Chubb has introduced a new online system for independent agents that will quote and issue a comprehensive workers’ compensation policy for small businesses. Chubb’s workers’ compensation policy for small business owners targets a range of industries, with coverage features such …

High-Net-Worth Individuals Concerned About Underinsurance: Chubb

More than half (54 percent) of high-net-worth individuals (HNWIs) are concerned that they are underinsured, with many worried their coverage is inadequate for their needs, according to new research published by Chubb. Despite this concern, out of 500 HNWIs surveyed …

Fairfax Financial to Pay More Cash, Less Stock, for Allied World

Toronto-based insurance group Fairfax Financial Holdings Ltd. said it would increase the cash component of its offer to buy Allied World Assurance Co. Holdings AG by $18 per share. The increase in the cash component of the offer would reduce …

Chubb Names Krishnan to Lead Global Accounts; Lakickas Is Division EVP

Chubb has announced two senior management appointments to its Global Accounts division, serving large and complex clients in Europe and around the world. Suresh Krishnan, currently executive vice president, Global Accounts, Overseas General Insurance, has been appointed to the newly …